IHS Chemical Week

People & Business :: Companies

Solvay redeems more than $1 billion in high-yield notes

1:23 PM MDT | April 3, 2014 | Francinia Protti-Alvarez

Rhodia, a Solvay affiliate, will redeem in advance its two high-yield senior notes as part of the group's aim to reduce significantly its gross debt, Solvay announced today. Rhodia has notified the bond holders of its decision to redeem fully and irrevocably its €500-million ($689 million) high-yield notes, with an annual interest rate of 7% and due in 2018, as well as its $400-million high-yield notes, with an interest rate of 6.875% and due in 2020, the company says. Solvay will simultaneously repay the notes on 15 May with its available cash.  ...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa